Purchase of Own Securities

Schroder UK Growth Fund PLC
11 September 2001
                                                             11 September 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 10 September 2001, the Company
purchased a total of 80,000 shares for cancellation at a price of 102.50 pence
per share. Following this purchase, there are a further 183,942,263 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]